By Angela McDaniels
Tacoma, Wash., June 28 - Goldman Sachs Group, Inc. priced $900,000 of 0% equity-linked medium-term notes, series D, due July 31, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if Apple's closing share price declines by more than 25% during the life of the notes.
If the stock return is zero or positive, the payout at maturity will be par plus 1.5 times the stock return, up to a maximum settlement amount of $1,329.25 per $1,000 principal amount of notes.
If the stock return is negative but a knock-out event does not occur, the payout will be par plus the absolute value of the stock return.
If the stock return is negative and a knock-out event does occur, investors will be fully exposed to the decline in the stock price.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Equity-linked medium-term notes, series D
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $900,000
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Maturity: | July 31, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock return is zero or positive, par plus 1.5 times stock return, up to maximum settlement amount of $1,329.25 per note; if stock return is negative but knock-out event does not occur, par plus absolute value of stock return; if stock return is negative and knock-out event does occur, full exposure to decline in stock price
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Knock-out event: | Apple's closing share price declines by more than 25% during life of notes
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Initial share price: | $572.17
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Pricing date: | June 26
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Settlement date: | June 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38143UZ53
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